Houston Matters

Posted on August 3, 2015 · Moody’s Investors Service recently affirmed the City of Houston’s Aa2 credit rating. It’s a good grade, based on a generally robust economy. But Moody’s also changed its outlook for Houston from “stable” to “negative.” Why? The city’s growing pension costs — $3 billion and counting. Houston is hardly the only city in America facing looming pension obligations, […]